The Gold Coast Turf Club is set to undergo a massive $38 million renovation to transform it into an international night racing venue.
Racing Minister Grace Grace today confirmed approval of the funding for the major redevelopment.
“We have now secured all of the funding to renovate and to bring this wonderful facility here at the Gold Coast Turf Club into an international racing site,” Minister Grace told reporters from the Bundall site.
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Minister Grace said the redevelopment would see the racing surfaces completely modernised with an all-weather synthetic track, the latest technology in lights for night racing, and an in-field tunnel to provide increased equine welfare and health and safety benefits.
“This investment means Australia’s favourite holiday destination will now have another thrill to offer, potentially rivalling Hong Kong’s massive tourism drawcard, Happy Valley,” she said.
The project, which is expected to create more than 330 local jobs during construction, is part of the Palaszczuk Government’s COVID-19 economic recovery plan.
“At the election, we made a promise to invest in new infrastructure to create jobs and rebuild the economy on the Gold Coast… We’re delivering on that commitment,” Queensland Premier Annastacia Palaszczuk said.
“This project will create jobs for local construction workers and will deliver great benefits for the local racing industry on the Gold Coast for years to come.”
The $31.5 million comes on top of $1.5 million the Government has already provided for feasibility and planning, with the Turf Club also contributing $5 million towards the project.
Gold Coast Turf Club CEO Steve Lines said the multi-million dollar transformation will be a game-changer and provide inspiration to become the next “metropolitan club”.
“What it means for us down here is we end up with an international racing destination equine centre, the future of the sport will be secured by what we do and how we invest.
“Upgrading our training facilities first and foremost to support our trainers and their horses and the safety of the people and the participants that are part of it, is just massive for us.”
The project will go to tender later this year.